One one-hundredth of a pound is equal to 0.01 pounds. This can also be expressed as 1/100 pounds. In decimal form, this would be written as 0.01 lbs. To convert this to ounces, you would multiply by 16, as there are 16 ounces in a pound, giving you 0.16 ounces.
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It is: one hundredth = 1/100
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In terms of currency it is one penny. In terms of weight there is no special term.
Yes -the term 'penny' refers to a 1 cent piece in america. It's also 100th of a pound in the UK.
The one hundredth part of 1 metre is known as 1 centimetre.